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TaxRobin, Tax Consultant
Category: Tax
Satisfied Customers: 27437
Experience:  International tax
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Do i still need to submit a self assessment tax return if I

Customer Question

Do i still need to submit a self assessment tax return if I have stopped being a landlord? I had a capital gain from selling my property in 2017 and did a tax return last year about the capital gain (which was below the threshold) and am now about to use that money to buy another property.
JA: What are the assets or property for this capital gain?
Customer: The capital gain was calculated at 6,205.77 on the last tax return I did
JA: Anything else you want the Accountant to know before I connect you?
Customer: I worked part time last year (with PAYE) and am not working this year.
Submitted: 7 months ago.
Category: Tax
Expert:  TaxRobin replied 7 months ago.

Hello and thank you for allowing me to assist you.

Expert:  TaxRobin replied 7 months ago.

You will not usually need to send a return if your only income is from your wages or pension.

But you may need to send one if you have any other untaxed income, such as:

  • money from renting out a property
  • tips and commission
  • income from savings, investments and dividends
  • foreign income

If you did not have any of the above NO you are not required to file SA

You are most welcome

A 5 star positive rating would be appreciated